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Watch Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

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    Report

  • 145 Pages
  • July 2022
  • Region: Global
  • IMARC Group
  • ID: 5633214
The global watch market reached a value of US$ 66.76 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 93.85 Billion by 2027, exhibiting a CAGR of 5.84% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.



A watch is a portable timepiece that consists of a crown, case, dial, strap, crystal, lugs, and hands and is worn around the wrist or carried in a pocket. It can also be made using precious metals, such as gold, silver and platinum, and ornamented with jewels like rubies and diamonds. At present, improving living standards and inflating disposable incomes are driving the demand for exclusive watches that add a sophisticated and elegant look to the style and personality of an individual.

Watch Market Trends:

The emerging fast fashion trend, along with the increasing adoption of premium accessories as a status symbol, represents one of the key factors contributing to the demand for handcrafted luxury watches worldwide. Apart from this, the rising adoption of smart and connected devices, coupled with the growing penetration of the internet and increasing reliance on smartphones, are positively influencing the sales of smartwatches. As these watches provide insightful information about the overall health and track nutritional intake of individuals, the increasing prevalence of chronic and lifestyle diseases is impelling the market growth. Moreover, due to the growing complexity of aircraft, luxury pilot watches are gaining traction among aviation professionals and airline pilots to assist them with mid-flight aeronautical calculations, such as wind correction angle and fuel consumption. Besides this, market players are introducing touch-sensitive tactile watches that visually impaired people can use to sense time accurately. In addition, they are offering custom-made variants in luxury boxes through online retail channels. This, in confluence with the thriving e-commerce industry, is anticipated to augment the sales of watches and strengthen the market growth in the coming years.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global watch market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, price range, distribution channel and end user.

Breakup by Type:

  • Quartz
  • Mechanical

Breakup by Price Range:

  • Low-Range
  • Mid-Range
  • Luxury

Breakup by Distribution Channel:

  • Online Retail Stores
  • Offline Retail Stores

Breakup by End User:

  • Men
  • Women
  • Unisex

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Apple Inc., Casio Computer Co. Ltd., Citizen Watch Co. Ltd., Fossil Group Inc., LG Electronics Inc., Movado Group Inc., Rolex SA, Samsung Electronics Co. Ltd., Seiko Holdings Corporation, The Swatch Group Ltd., Titan Company Limited and Xiaomi Corporation.

Key Questions Answered in This Report:

  • How has the global watch market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global watch market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the price range?
  • What is the breakup of the market based on the distribution channel?
  • What is the breakup of the market based on the end user?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global watch market and who are the key players?
  • What is the degree of competition in the industry?
Frequently Asked Questions about the Global Watch Market

What is the estimated value of the Global Watch Market?

The Global Watch Market was estimated to be valued at $66.8 Billion in 2021.

What is the growth rate of the Global Watch Market?

The growth rate of the Global Watch Market is 5.8%, with an estimated value of $93.85 Billion by 2027.

What is the forecasted size of the Global Watch Market?

The Global Watch Market is estimated to be worth $93.85 Billion by 2027.

Who are the key companies in the Global Watch Market?

Key companies in the Global Watch Market include Apple Inc., Casio Computer Co. Ltd., Citizen Watch Co. Ltd., Fossil Group Inc., LG Electronics Inc., Movado Group Inc., Rolex SA, Samsung Electronics Co. Ltd. and The Swatch Group Ltd..

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Watch Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Quartz
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mechanical
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Price Range
7.1 Low-Range
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Mid-Range
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Luxury
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Online Retail Stores
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Offline Retail Stores
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by End User
9.1 Men
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Women
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Unisex
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Apple Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.1.4 SWOT Analysis
15.3.2 Casio Computer Co. Ltd.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.2.3 Financials
15.3.2.4 SWOT Analysis
15.3.3 Citizen Watch Co. Ltd.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 Fossil Group Inc.
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 LG Electronics Inc.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Movado Group Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Rolex SA
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Samsung Electronics Co. Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.8.4 SWOT Analysis
15.3.9 Seiko Holdings Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 The Swatch Group Ltd.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Titan Company Limited
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.11.3 Financials
15.3.12 Xiaomi Corporation
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 Financials
List of Figures
Figure 1: Global: Watch Market: Major Drivers and Challenges
Figure 2: Global: Watch Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Watch Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Watch Market: Breakup by Type (in %), 2021
Figure 5: Global: Watch Market: Breakup by Price Range (in %), 2021
Figure 6: Global: Watch Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Watch Market: Breakup by End User (in %), 2021
Figure 8: Global: Watch Market: Breakup by Region (in %), 2021
Figure 9: Global: Watch (Quartz) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Watch (Quartz) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Watch (Mechanical) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Watch (Mechanical) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Watch (Low-Range) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Watch (Low-Range) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Watch (Mid-Range) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Watch (Mid-Range) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Watch (Luxury) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Watch (Luxury) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Watch (Offline Retail Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Watch (Offline Retail Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Watch (Online Retail Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Watch (Online Retail Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Watch (Men) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Watch (Men) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Watch (Women) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Watch (Women) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Watch (Unisex) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Watch (Unisex) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: North America: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: North America: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: United States: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: United States: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Canada: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Canada: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Asia-Pacific: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Asia-Pacific: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: China: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: China: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Japan: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Japan: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: India: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: India: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: South Korea: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: South Korea: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Australia: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Australia: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Indonesia: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Indonesia: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Others: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Others: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Europe: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Europe: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Germany: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Germany: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: France: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: France: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: United Kingdom: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: United Kingdom: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Italy: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Italy: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Spain: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Spain: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Russia: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Russia: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Others: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Others: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Latin America: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Latin America: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Brazil: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Brazil: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Mexico: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Mexico: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Others: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Others: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Middle East and Africa: Watch Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Middle East and Africa: Watch Market: Breakup by Country (in %), 2021
Figure 77: Middle East and Africa: Watch Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Global: Watch Industry: SWOT Analysis
Figure 79: Global: Watch Industry: Value Chain Analysis
Figure 80: Global: Watch Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Watch Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Watch Market Forecast: Breakup by Type (in Million US$), 2022-2027
Table 3: Global: Watch Market Forecast: Breakup by Price Range (in Million US$), 2022-2027
Table 4: Global: Watch Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Watch Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Watch Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Watch Market: Competitive Structure
Table 8: Global: Watch Market: Key Players

Companies Mentioned

  • Apple Inc.
  • Casio Computer Co. Ltd.
  • Citizen Watch Co. Ltd.
  • Fossil Group Inc.
  • LG Electronics Inc.
  • Movado Group Inc.
  • Rolex SA
  • Samsung Electronics Co. Ltd.
  • Seiko Holdings Corporation
  • The Swatch Group Ltd.
  • Titan Company Limited
  • Xiaomi Corporation.

Methodology

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